Opportunities and Challenges of Natural Gas and Liquefied Natural Gas in Brazil

The shale revolution in the US and the massification of the use of Liquefied Natural Gas (LNG) have transformed the reality of natural gas in the last few years. Transportation by ships has become a flexible substitute for large pipelines. The increase in supply has driven prices down and usage up. Abundant LNG has become a price reference in different markets. The transition to a lower-carbon economy was already driving the consumption of gas, the so-called transition fuel, when the COVID-19 pandemic emerged. Consequently, behavioral changes could be accelerated. Large companies in the sector have anticipated adjustments in strategy and are seeking the status of carbon neutral emitters by 2050. In this scenario, natural gas plays a central role.In this scenario, a publication dealing with the Opportunities and Challenges of Natural Gas and Liquefied Natural Gas in Brazil is timely and welcome. The ideas presented here will be part of the necessary debate on the future of the sector in Brazil.